Magnesia latest news

  • January 2015

    What next for Greece?

    30 January 2015

    It is too early to tell what the impact of Greece’s new government will be on the mining sector. But the new leftist government raises interesting questions about the relationship the country will have with the rest of Europe and time will tell if any of the anti-austerity measures will extend to the extractive sector.

  • RHI posts good financials for 2014, despite overcapacity burden

    28 January 2015

    The result of a lagging market has taken its toll on RHI, but the financials have not been affected, remaining relatively flat when compared to 2013. However, the company is taking drastic steps to reduce costs and capacity for 2015.

  • Price Briefing 16 – 22 January

    22 January 2015

    Barite shortage ups price of Moroccan drilling grade; Chinese magnesia prices fall

  • World steel production up 1.2% in 2014

    22 January 2015

    Steel consumption has remained on an upwards trajectory — just. The levels produced are below those expected and there is a marked difference from Asia's rate of growth as well as the CIS levels in 2014.

  • Yangquan, China, announces measures to revitalise refractory industry

    22 January 2015

    The latest meeting, held at local government level, forms part of a wider initiative to revitalise and consolidate China’s refractory industry. For now, no parameters or fines have been set for the 65 companies who were in attendance at the meeting, but it is unlikely that a levy for noncompliance won’t be issued.

  • Ma’aden profit falls despite higher sales in 2014

    21 January 2015

    The Saudi Arabian miner was hit by lower prices for its phosphate products last year, but is continuing to expand this arm of its business as well as diversify into the magnesia market as it pursues earnings growth.

  • Chinese magnesia prices drop ahead of Spring Festival

    20 January 2015

    Cheaper fuel and increased competition bring prices down as volumes rise

  • Ube Materials reports fire at magnesia clinker plant

    19 January 2015

    Although the fire was extinguished promptly and there were no injuries, it remains to be seen whether or not it will impact supply in the longer term.

  • WISCO Refractory Materials Co., Ltd sign first Chinese strategic agreement with steel company

    16 January 2015

    The strategic agreement is the first such agreement in China between a refractories company and a steel and iron producer, which may be the start of a more integrated industry pattern. It also shows the effort individual companies are making to implement the government’s plans to reform the refractories industry in China.

  • Zibo refractories companies inspected by Environmental Bureau

    16 January 2015

    The latest round of inspections show that officials mean to work fast on their pledge to clean up the refractories industry in Zibo city, Shandong Province. This policy has already led to the shutdown of 43 companies and it remains to be seen whether more will follow.

  • Chinese refractory demand expected to fall to 24m tpa by 2017 — China Refractory Association

    16 January 2015

    The comments by China’s leading refractory association confirm what has been suspected for a while – that the country’s refractories industry is struggling to maintain traction in a bearish market. Further, it underlines what the possible impact of the government actions to modernise the industry could be. However, the forecast is not one which has been supported by other analysts, which broadly believe Chinese refractory demand will grow

  • MIIT announces new standard conditions for China’s refractories industry

    16 January 2015

    The fresh set of rules shows how far the government is willing to go to rejuvenate the Chinese refractories industry. The new standard conditions could be regarded as disruptive, as they seek to completely change working practices in China. In the long run however, the impetus to build a sustainable and competitive refractories industry is clear.

  • Lessons from 100 years of mineral data

    09 January 2015

    With the recent publication of data for 2012, the British Geological Survey (BGS) has 100 years of continuous mineral production data - but what do they tell us about worldwide industrial mineral production? Teresa Brown analyses some of these trends and what they say about the industry as a whole.

  • Chinese officials swoop on magnesia smuggling ring

    07 January 2015

    China has made it clear that it is working to eradicate poor and illegal practices – such as smuggling – from the country’s magnesia industry. There has been some skepticism towards the establishment of a Special Resource Protection Office, but judging by the latest actions, the government clearly means business.

  • Nedmag to bring more magnesium brine capacity online

    07 January 2015

    While the decision to being more production online was not market motivated, it does underscore Nedmag’s vision of diversifying its portfolio and having product ready so that it can assure security of supply in the future.

  • Final payment in Holcim-Cemex deal cements European consolidation

    06 January 2015

    Holcim has completed a series of consolidative transactions for its European business arms with Cemex. By focusing on their respective key markets, both companies will hope to increase construction demand and the consumption of construction minerals.